890 Capital, featured in the Post & Courier

The Post & Courier's Moultrie News ran a feature on 890 Capital this week, written by Julie Deacon. It's a good account of why we started this firm and how we've run it since. If you've been following along, the themes will sound familiar: trust, transparency, and doing what we say we're going to do.

We'd add the numbers to the story, because the numbers are how we keep those promises.

What the article gets right

890 Capital exists to solve two problems at once. Real estate operators in the Charleston tri-county need capital fast, and traditional banks aren't built for that turnaround. At the same time, plenty of people want real estate exposure without managing properties themselves. We sit in the middle: we raise private capital from accredited investors and lend it, in first position, to vetted local operators on short-term projects.

As Frank put it in the piece, the goal is to "build lasting relationships, deliver consistent results." That's not a tagline. It's the operating model.

Caleb Pearson knows the Lowcountry block by block. Frank Conway spent a career in banking, technology, and sales before moving the family to Charleston and building 890 around the capital side. The two halves fit.

The part we'd add: the math

Charleston is a reputation-based market, and reputation is built on results you can count. Here's where 890 stands as of our most recent monthly investor update:

Why investors come back

The metric we watch most isn't new capital. It's repeat capital. When an investor renews — or rolls a 1-year into a 3- or 5-year — it tells us they understand the market and trust how we operate.

We're not trying to be everywhere. We're trying to be very good at one thing: first-position, asset-backed lending in a market we know better than anyone.

Read the feature

The full Post & Courier article is here: https://www.postandcourier.com/moultrie-news/news/890-capital-bringing-investment-opportunities-to-life/article_d0e222e2-5636-46b3-a926-a4f0f5df56a1.html — thanks to Julie Deacon and the Moultrie News team for the conversation.

If the model sounds like a fit for your portfolio, learn more and request investor access at 890capital.com/request-investor-access.

For accredited investors only. Past performance does not guarantee future returns. See 890capital.com for full disclosures.

Press Release: 890 Capital Launches Private Debt and Hard Money Lending Services in South Carolina

Charleston, SC (September 2024) – Investors seeking consistent returns and diversification in real estate are finding new opportunities with 890 Capital, a private fund specializing in asset-based lending. Headquartered in Charleston, 890 Capital offers fast and flexible hard money loans to real estate investors, providing the capital they need to finance time-sensitive projects. With a focus on serving the booming South Carolina and Southeast markets, 890 Capital is delivering above-market returns while mitigating risk through a proven investment strategy.

Frank Conway, CEO and General Partner at 890 Capital, highlights the firm's mission: “At 890 Capital, our goal is to provide borrowers and investors with a streamlined, transparent experience. We have over 15 years of expertise in real estate and our team has built incredible relationships with top operators in the markets we serve. This allows us to offer investors stable returns while helping these developers and real estate entrepreneurs meet their project goals.”

Hard money loans are an increasingly popular financing solution for real estate investors who need rapid access to capital but face challenges securing traditional bank loans. Speed is the name of the game and most developers and entrepreneurs are finding banks cannot move quickly enough. The firm provides a wide range of loan types, including fix-and-flip, bridge, and new construction loans. 890 Capital’s loans are secured by individually underwritten real estate assets, ensuring strong risk management for both investors and borrowers.

Caleb Pearson, General Partner at 890 Capital, adds: “The South Carolina real estate market is experiencing exponential growth, and we’re in a prime position to capitalize on that. Our borrowers benefit from quick approvals and access to capital that traditional banks simply can’t match. By leveraging our strong market connections and a disciplined underwriting process, we’ve been able to serve a diverse range of investors and borrowers.”

890 Capital’s success lies in its combination of rigorous due diligence and a strategic focus on diversification. By spreading investments across multiple real estate projects and geographic locations, the firm ensures consistent returns while minimizing exposure to any single investment. The firm also takes pride in its investor-first approach, offering monthly interest payments and ongoing transparent communication that suits each investor’s unique needs.

“Our investors trust us to deliver results, and we take that responsibility seriously,” says Conway. “We’ve created a platform where investors can enjoy passive income without the hassles of direct property management. Our team handles everything, from underwriting to managing the loan portfolio, so our clients can focus on what matters most—diversification and growing their wealth.”

As 890 Capital continues to expand its footprint in the Southeast U.S., the firm remains committed to offering investment solutions that benefit both seasoned real estate professionals and those new to asset-based lending. With strong early-stage success, 890 Capital is well on its way to achieving its target funding, providing investors with unparalleled access to one of the fastest-growing real estate markets in the country.

For more information about 890 Capital, visit us www.890capital.com or contact us at (843) 620-9890 or info@890capital.com.